innovation
Reports on innovation See all →
Restarting economies: Benefits of the bottom-up approach
Restarting an economy is much more difficult and complicated than shutting one down. So far, countries that have used a bottom-up approach, where businesses are allowed to decide for themselves how to meet health requirements, are faring better than those trying to micromanage the reopening from the top down. The latter dulls innovativeness while the former reinvigorates businesses and makes them more agile.
Reforming capitalism: A fight built on envy
It has become common to blame capitalism for climate change and wealth inequality. However, the premises underlying the debate around the issue are profoundly misguided – the current system is far from aligned with free-market prescriptions. But despite their skewed view of reality, advocates of government intervention are likely to ...
Public administration on a journey to decentralization
Blockchain has the potential to revolutionize public administration by fostering efficiency, transparency and automation. There are limits to the technology, but currently the main roadblocks are of a legal and organizational nature. Some governments have already started removing such hurdles or teamed up with technology providers to build innovative solutions.
Blockchain: An agent of profound change
Blockchain technology could profoundly change how states and governments operate. Its ability to quickly and securely transfer assets could disrupt current institutional frameworks and decentralize power. It is therefore unclear how far states will go to support blockchain, even though it could make their economies and their own operations more ...
Opinion: Cryptocurrencies – fears and opportunities
After a few years of hype, experts are now tamping down expectations for cryptocurrencies. Indeed, several concerns about security and regulation need to be addressed. But cryptocurrencies – and the blockchain technology they are based on – also offer tremendous room for innovation and efficiency. By competing with traditional fiat ...
